Did You Hear The Story About The Loan Officer That Drove A Pick Up?
Well, there was this loan officer in Iowa City, Iowa, so the story goes…. PS I have a married daughter living there, thus Iowa City… Now this loan officer drove a pickup. He also lived on a 45 acre parcel of land. His house was expensive so he made up for it by driving an older pickup. He thought it made him look very Iowa City.
Unlike most Iowa City folk, this loan officer had a dishonest streak in his character. He made the downpayment on his fine home by selling negative amortization ARMs without clearly explaining the neg am part.
Our loan officer made the mistake of sticking the owner of a backhoe with one of these loans.
You should see the moat around the loan officers house. Lar
